NOT LISTED FOR SALE

7037 Alabama Ave Canoga Park, CA 91303

Canoga Park Neighborhood
3 Beds
3 Baths
17,324 Sq Ft
0.34 Acres

Last Sold March 08, 2013

Last sale price $2,960,000 $171 Per Sq Ft

About This Home

As of March 2013

The subject property is a non rent conrol building in a nice rental pocket of Canoga Park. The building consists of 19 units and one none conforming unit. The unit mix is thirteen two bedroom two bath units and six large one bedroom one bath units. The non conforming unit is a one bedroom one bath unit and has been rented for $950.00 The 17,324 square foot building is situated on a 14,324 square foot R3 lot and .The property has an excellent unit mix, private balconies, and upside in existing rents. The building has subterranean parking, central HVAC in each unit, and secured access. The building has 40 parking spaces.

Tenants enjoy close proximity to shopping and numerous employement opportunities. The new metro orange line extension is within walking distance.

Last Agent to Sell the Property

Cindy Hill

Equity Union License #00885625 Listed on: 12/02/2012

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.34 Acre Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 40 Parking Spaces

Home Design

  • 17,324 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 530
  • Tax Tract Number 1345
  • Assessor Parcel Number 2138009030

Community Details

Overview

  • 19 Units
  • Valley

Building Details

  • 19 Separate Electric Meters
  • 19 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,300
  • Maintenance Expense $13,365
  • Professional Management Expense $15,000
  • Trash Expense $2,640
  • Water Sewer Expense $17,700
  • New Taxes Expense $36,000
  • Gross Income $21,485
  • Net Operating Income $180,493

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Professional Management Expense: 15000.00
  • Property Attached: No
  • Water Sewer Expenses: 17700.00
  • Property Type: Residential Income
  • Parcel Number: 2138009030
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 170.86

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 40.00

Utilities

  • Utilities: Sewer Connected
  • Trash Expense: 2640.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Valley

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 14998.00
  • Lot Size Acres: 0.3440

Multi Family

  • Gross Income: 21485.00
  • Gross Scheduled Income: 257821.00
  • Insurance Expense: 2300.00
  • Lot Size Area: 14998.0000 Square Feet
  • Maintenance Expense: 13365.00
  • Net Operating Income: 180493.00
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 19
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 19
  • Operating Expense: 97393.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 36000.00
  • Tax Lot: 530
  • Tax Rate: 1.20
  • Tax Tract Number: 1345
  • Tax Year: 2012

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $2,960,000 -0.5% $171 / Sq Ft
12/07/2012 12/07/12 Pending -- -- --
12/02/2012 12/02/12 For Sale $2,975,000 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Cindy Hill

    Seller's Agent in 2013

    Cindy Hill

    Equity Union

    (818) 640-8360

    1 in this area

    76 Total Sales

    Cindy Hill
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR12146490

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Canoga Park 91303 Canoga Park

7037 Alabama Ave, Canoga Park, CA

This home is located at 7037 Alabama Ave, Canoga Park, CA 91303 since 02 December 2012. This property was built in 1990. 7037 Alabama Ave is a home located in Los Angeles County with nearby schools including Canoga Park Elementary School, Christopher Columbus Middle School, and Canoga Park Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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